Can I retire at age 63 with 1,430,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$118,088$117,036$116,010$115,008$114,030$111,183
2 years$58,459$57,371$56,316$55,292$54,300$51,450
3 years$38,586$37,492$36,440$35,426$34,450$31,686
4 years$28,651$27,561$26,519$25,523$24,570$21,913
5 years$22,692$21,608$20,580$19,604$18,678$16,135
6 years$18,720$17,645$16,631$15,677$14,779$12,353
7 years$15,884$14,818$13,821$12,889$12,019$9,711
8 years$13,758$12,702$11,721$10,812$9,971$7,779
9 years$12,106$11,059$10,095$9,210$8,397$6,320
10 years$10,785$9,748$8,801$7,939$7,155$5,189
11 years$9,704$8,678$7,749$6,909$6,153$4,297
12 years$8,805$7,789$6,877$6,060$5,332$3,582
13 years$8,044$7,039$6,144$5,350$4,650$3,002
14 years$7,393$6,398$5,520$4,749$4,076$2,527
15 years$6,828$5,845$4,984$4,236$3,589$2,135
16 years$6,335$5,363$4,519$3,793$3,172$1,809
17 years$5,901$4,939$4,112$3,408$2,812$1,536
18 years$5,515$4,564$3,754$3,071$2,501$1,308
19 years$5,170$4,230$3,436$2,775$2,229$1,115
20 years$4,860$3,930$3,154$2,513$1,991$952
21 years$4,580$3,661$2,901$2,281$1,782$814
22 years$4,326$3,417$2,674$2,074$1,597$697
23 years$4,094$3,196$2,469$1,889$1,434$597
24 years$3,882$2,995$2,283$1,723$1,289$512
25 years$3,687$2,810$2,114$1,573$1,159$439
26 years$3,507$2,641$1,961$1,438$1,044$377
27 years$3,341$2,486$1,821$1,317$942$324
28 years$3,187$2,342$1,693$1,206$850$278
29 years$3,044$2,210$1,575$1,106$767$239
30 years$2,911$2,087$1,467$1,015$693$206
31 years$2,786$1,973$1,368$932$627$177
32 years$2,670$1,867$1,276$857$567$152
33 years$2,561$1,768$1,192$788$513$131
34 years$2,458$1,675$1,114$725$465$113
35 years$2,362$1,589$1,041$667$421$97
36 years$2,271$1,508$974$615$381$83
37 years$2,185$1,432$912$566$346$72
38 years$2,104$1,361$854$522$313$62
39 years$2,028$1,295$800$481$284$53
40 years$1,955$1,232$750$444$258$46
41 years$1,886$1,172$703$410$234$39
42 years$1,821$1,117$659$378$212$34
43 years$1,758$1,064$619$349$192$29
44 years$1,699$1,014$581$322$175$25
45 years$1,643$967$545$298$159$22
46 years$1,589$922$512$275$144$19
47 years$1,537$880$481$254$131$16
48 years$1,488$840$452$235$119$14
49 years$1,441$803$425$217$108$12
50 years$1,396$767$400$200$98$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,430,000, adding $6,413 every year, while hoping to spend $45,457 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 52/24/24 Blend
62$1,430,000$1,430,000$1,430,000$1,430,000
63$1,582,475$1,506,685$1,484,520$1,653,883
64$1,695,522$1,532,147$1,485,886$1,729,417
65$1,818,575$1,557,332$1,485,773$1,806,356
66$1,952,609$1,582,181$1,484,086$1,889,114
67$2,098,693$1,606,626$1,480,721$1,978,264
68$2,258,006$1,630,596$1,475,571$2,074,436
69$2,431,844$1,654,017$1,468,524$2,178,326
70$2,621,634$1,676,806$1,459,461$2,290,702
71$2,828,948$1,698,876$1,448,260$2,412,413
72$3,055,514$1,720,135$1,434,791$2,544,394
73$3,303,238$1,740,483$1,418,918$2,687,677
74$3,574,216$1,759,814$1,400,499$2,843,403
75$3,870,756$1,778,015$1,379,386$3,012,829
76$4,195,400$1,794,965$1,355,422$3,197,343
77$4,550,948$1,810,535$1,328,446$3,398,475
78$4,940,481$1,824,588$1,298,285$3,617,916
79$5,367,394$1,836,977$1,264,762$3,857,530
80$5,835,427$1,847,547$1,227,690$4,119,374
81$6,348,697$1,856,133$1,186,874$4,405,718
82$6,911,739$1,862,559$1,142,109$4,719,066
83$7,529,549$1,866,637$1,093,182$5,062,181
84$8,207,629$1,868,168$1,039,870$5,438,110
85$8,952,040$1,866,941$981,939$5,850,215
86$9,769,459$1,862,732$919,144$6,302,207
87$10,667,240$1,855,303$851,233$6,798,176
88$11,653,486$1,844,400$777,936$7,342,635
89$12,737,122$1,829,756$698,978$7,940,564
90$13,927,981$1,811,087$614,066$8,597,453
91$15,236,895$1,788,090$522,897$9,319,359
92$16,675,799$1,760,447$425,154$10,112,961
93$18,257,840$1,727,818$320,507$10,985,627
94$19,997,504$1,689,846$208,608$11,945,481
95$21,910,751$1,646,150$89,098$13,001,486
96$24,015,165$1,596,328$0$14,163,521
97$26,330,118$1,539,954$0$15,452,329
98$28,876,957$1,476,579$0$16,895,071
99$31,679,200$1,405,725$0$18,482,264
100$34,762,761$1,326,888$0$20,228,630